Endowment Policy – Perspective Advisory

What is an Endowment Policy?

Portfolio:

You can invest in any unit trusts, ETF’s direct shares, listed investments and/or other funds.
There are no restrictions on your portfolio – neither on asset class or values.
Which asset class you invest in will be decided on by your risk appetite.

Flexibility:

Initial term on this policy is 5 years.
You can cash out at any time however a small percentage will remain behind for that initial term.
Once you are through the first 5 years then this structure has complete flexibility (no restrictions)

Contributions:

One can contribute via debit orders or lump sums.
After initial investment – contributions are limited to 120 % of previous years contributions.
There are no limits to these values however your limits may apply if investing offshore.

Taxation:

Tax is paid in the structure itself. So YOU, personally don’t pay any tax and when it pays out the withdrawal is tax-free.
The tax payable depends on who holds this policy – between 27 – 30 % depending.
Capital gains tax is also paid in the structure.

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